Markets - Page 20

ECB may consider rate cuts earlier than it wants to admit

By Craig Erlam There were no major surprises from the ECB on Thursday, with the European central bank leaving rates on hold while warning they will remain high for a sufficiently long

26th October 2023

Markets/World

Big tech in focus, Microsoft and Alphabet fail to provide boost

By Craig Erlam Wednesday wasn’t the most thrilling session so far, but there is plenty still to come over the next couple of days which could see activity pick up. Earnings from

26th October 2023

Markets/World

ECB probably done hiking as recession lies ahead

By Craig Erlam It was another mixed session on Tuesday with investors potentially eyeing important events later in the week. The PMIs across Europe earlier in the day didn’t get things off

25th October 2023

Markets/World

Lazarus cyberattacks top $209 mln

North Korea’s backed syndicate, the Lazarus group had a field day in the third quarter this year, with the hacking group unleashing a wave of attacks that stole a staggering $208.6 mln.

25th October 2023

Markets/World

Moody’s eyes downgrade for Israel banks, energy

Moody’s Investors Service placed the deposit ratings of five Israeli banks on review for downgrade, Tuesday, following the rating agency’s similar view of the sovereign A1 long-term issuer ratings last Thursday. It

24th October 2023

Energy/Markets/World

Oil and gas giants saw profits slump $29.2 bln

The world’s largest oil and gas companies saw their combined profits slump by a massive $29.2 bln year-on-year, as a sharp decline in gas demand and lower oil prices significantly cut down

24th October 2023

Energy/Markets/World

Nerves ahead of Tuesday PMIs

By Craig Erlam It’s been a jittery start to the week, with the continued rise in US yields making investors nervous about what challenges lie ahead for the economy. We’ve heard a

24th October 2023

Markets/World

Islamic banks enjoy stellar profits, defy high interest rates

Distinct from recent bank blow-ups, Signature Bank and First Republic, some banks are doing extremely well in this high-interest rate environment. Their balance sheets are not riddled with low-interest-rate mortgages like most

21st October 2023

Business/Comment/Markets/Middle East/World

UK consumer activity cools in run-up to festive season

By Craig Erlam UK consumers are reining in spending in the run-up to the festive season and the latest survey from Gfk suggests it’s not just the weather that’s driving it. Retail

20th October 2023

Markets/World

Powell more hawkish over Israel, oil, inflation fears?

Federal Reserve Chair Jerome Powell is expected to be extra hawkish in his key policy speech on Thursday amid growing concerns over surging oil prices, driven by the Israel-Hamas war, which could

19th October 2023

Markets/World